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Dolphin Offshore Enterprises (I) Ltd.

BSE: 522261 | NSE: DOLPHINOFF | Series: NA | ISIN: INE920A01011 | SECTOR: Oil Drilling And Exploration

BSE Live

May 26, 16:00
4.18 0.00 (0.00%)
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54
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    4.18

  • Open Price

    4.18

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    4.18 (2)

Dolphin Offshore Enterprises (I) is not traded on BSE in the last 30 days

NSE Live

May 26, 15:32
3.80 0.00 (0.00%)
Volume
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1,625
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    3.80

  • Open Price

    3.65

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Dolphin Offshore Enterprises (I) is not traded on NSE in the last 30 days

Annual Report

For Year :
2018 2016 2015 2014 2013 2012 2011 2010 2009

Chairman's Speech

Life to me is a journey - you never know what your next destination may be David Russell The booklet you are holding in your hand would have been unimaginable 30 years ago. When I left the Indian Navy in 1977, I had been associated with the sea for 37 years. The sea was my first love and the discovery of oil at Bombay High in the 70s, has kept me tied to it. Today, both maritime security and energy security are on top of the nations agenda for me, they have encompassed the best years of my life. The formation and growth of Dolphin Offshore Enterprises (India) Ltd is covered in the rest of this booklet. It has been the most rewarding experience of my life. Starting with a paid up capital of Rs 5,500 on our Dining table in 79, we were awarded seven projects in excess of US 100 million last year. This magnitude of growth could not have been possible without the participation of family and friends, but most of all, my dedicated shipmates, our share holders and business associates to whom I pay tribute today. A special word of gratitude is due to Taylor Diving and Salvage Co. Inc, of U.S.A., who opened the door for us in offshore diving and petroleum technology at the very start of our journey. My shipmates have shown that dreams can become reality when we raise ourselves not just to meet a challenge but to set new benchmarks for excellence. As they say, He who dares to dive, gets the pearl! There have been many firsts and many milestones that have brought Dolphin to where it is today. However, with growth come new responsibilities. Today, the oceans, on which mankind will increasingly depend on for our hydro carbons and mineral resources are being threatened by climate change, which impacts all aspects of life on the planet. Also, as divers, ROVs (Remotely Operated Vehicles) and submarines explore deeper depths, the importance of safety regulations and procedures cannot be underestimated. In a high-risk industry, Dolphin is proud of a safety record we strive to maintain. This year, I handed over management of the company to Satpal Singh, one of my oldest shipmates, who has risen from Assistant Operations Manager in 1980. I now want to focus on the orderly growth of the underwater technology industry, which today faces many problems and offers great opportunities. India has the potential to create a state- of-the-art International Underwater Technology Training and Research Institute, which can be a hub for all of Asia and the Middle East. We also need to have a professional search and rescue organization for our divers and others who work underwater. The company is launching its own in house training program for divers. I invite leaders of industry, industry organizations and government officials to join in this new adventure. Let us together show the world that India can do it. Rear Admiral Kirpal Singh Chairman